Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 10,215 people, 3,286 houses or apartments, and a median cost of homes of $265,382, Vinemont real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Vinemont, accounting for 79.24% of the town's housing units. Other types of housing that are prevalent in Vinemont include mobile homes or trailers ( 17.91%), large apartment complexes or high rise apartments ( 1.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vinemont. Owner-occupied housing accounts for 82.77% of Vinemont's homes, and 73.26% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Vinemont built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Vinemont built between 2000 and later ( 18.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.50%). There's also some housing in Vinemont built before 1939 ( 7.18%).
Vacant housing appears to be an issue in Vinemont. Fully 13.04% of the housing stock is classified as vacant. Left unchecked, vacant Vinemont homes and apartments can be a drag on the real estate market, holding Vinemont real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Vinemont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.47%, which ranks in the top 50% nationwide. This equates to an annual average Vinemont house appreciation rate of 6.49%.
NeighborhoodScout's data show that during the latest twelve months, Vinemont's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Vinemont's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.
Relative to Alabama, our data show that Vinemont's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.
$265,382
for Alabama
for nation
3,286
$1,327 / per month